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Home My WebLink AboutCOM 0345.000 2020-2022 Mitchell D. Roth �wsx.®F,,,� Deanna S. Sako Mayor Director Steven A. Hunt ` Deputy Director 1TF OF•H':1� Counh7 of Ha ail DEPARTMENT OF FINANCE 25 Aupuni Street, Suite 2103 • Hilo, Hawaii 96720 (808)961-8234 • (808)961-8569(FAX) July 26, 2021 The Honorable Maile David, Chairwoman And Members of the Council County of Hawaii 25 Aupuni Street Hilo, Hawaii 96720 Dear Chairwoman David: Pursuant to Chapter 47C, Hawaii Revised Statutes, I enclose for filing the tabular summary of bonded indebtedness of the County of Hawaii as of June 30, 2021. Concurrence by the Chairman of the Finance Committee and the Corporation Counsel are attached. Very truly yours, Deanna S. Sako Director of Finance Encls. Comm. No. Ref.To:.— Ref. o:Ref. Date � � County of Hawai'i is an Equal Opportunity Provider and Employer. 4 3 I COUNTY OF HAWAII Statement of Funded Debt June 30, 2021 i I 1. Total Principal Amount of County Debt Outstanding and Unpaid: I I a. County General Obligation Bonds $ 419,741,156 (Schedule A) I b. State Revolving Fund Loans $ 50,374,201 (Schedule B) i c Other Indebtedness (Schedule E) $ 100,691 Grand Total of Debt Outstanding & Unpaid $ 470,216,048 I 2. Exclusions from Grand Total: a. General Obligation Bonds maturing $ 30,278,353 in fiscal year 2021-2022 (Schedule A) b. State Revolving Fund principal maturing $ 3,583,026 in fiscal year 2021-2022 j (Schedule B) C. General Obligation Bonds $ 16,034,156 Reimbursable by the County Department of Water Supply (Schedule C) i d. General Obligation Bonds $ 4,094,716 5 Reimbursable by ID#18, ID#19 & ID#20 property owners (Schedule D) Total Exclusions $ 53,990,251 Net Funded Debt of the County of Hawaii $ 416,225,797 June 30, 2021 I i SUPPORTING SCHEDULES Statement of Funded Debt as of i3 June 30, 2021 (Based on Records in Finance Department) Schedule A General Obligation County General Obligation Principal Amount Bonds Maturing for Bonds/Notes: Outstanding the remainder of Date of Issue June 30, 2021 FY 2021-2022 January 30, 2007 1,840,000 1,840,000 April 28, 2008 117,541 3,385 February 12, 2013 15,575,000 4,275,000 September 19, 2013 1,032,615 24,968 February 18, 2016 194,285,000 15,805,000 July 6, 2017 125,005,000 5,945,000 September 29, 2020 B 3,699,000 - September 29, 2020 A 2,437,000 - November 4, 2020 75,750,000 2,385,000 Total County General Obligation Bonds $ 419,741,156 $ 30,278,353 Schedule B Principal Maturing Principal Amount for the remainder of State Revolving Fund Loans: Outstanding FY 2021-2022 HI Cty Cesspool Conversion $ 2,478,313 $ 445,607 Queen Liliuokalani LCC Repl 4,550,150 495,634 Honokaa LCC Repl 1,966,738 182,901 Kalanianaole AISR-Phase II 4,429,615 359,126 Kealakehe WTPAUSRP 12,393,278 871,007 North Kona Sewer and Effluent Reuse 1,456,606 80,648 Kealakehe WTP R-1 Upgrade 1,661,672 87,325 South Hilo Sanitary Landfill Final Closure 16,387,259 810,946 Kealakehe Scrap Metal Yard Remediation 5,050,570 249,832 $ 50,374,201 $ 3,583,026 SUPPORTING SCHEDULES Statement of Funded Debt as of June 30, 2021 (Based on Records in Finance Department) Schedule C General Obligation Bonds Reimbursable by the County Department of Water Supply: Jan. 30, 2007 $ 639,952 April 28, 2008 $ 117,541 February 18, 2016 $ 14,668,750 November 4, 2020 $ 3,405,000 18,831,243 Less Amount Already Excluded in item 2a (2,797,087) $ 16,034,156 Schedule D Principal Amount Outstanding General Obligation Bonds Reimbursable by ID#18 Kona Coastview & Wonderview Subdivision lot owners. $ 742,183 Less Amount Already Excluded in item 2a (92,114) 650,069 Public Improvement Bonds Reimbursable by ID#19 Kona Ocean View Properties Subdivision lot owners. 1,032,615 Less Amount Already Excluded in item 2a (24,968) 1,007,647 Public Improvement Bonds Reimbursable by ID#20 Lono Kona Subdivision lot owners. 2,437,000 Less Amount Already Excluded in item 2a - 2,437,000 Total Reimbursable by Improvement Districts $ 4,094,716 Principal Amount Schedule E Outstanding Other Indebtedness Office of Housing & Community Development Ouli Ekahi Housing Project (OEHP) *HHFDC Loan $ 100,691 *Hawai`i Housing Finance And Development Corporation Mitchell D. Roth vr�Y.e=.k, Deanna S. Sako Mayor !�, y � Director Steven A. Hunt Deputy Director County of awai`i DEPARTMENT OF FINANCE 25 Aupuni Street, Suite 2103 • Hilo, Hawaii 96720 (808)961-8234 (808)961-8569(FAX) July 12, 2021 Ms. Elizabeth Strance Corporation Counsel County of Hawaii 101 Aupuni Street, Unit 325 Hilo, Hawaii 96720 Pursuant to the provisions of Chapter 47C, Hawaii Revised Statutes, I submit for your review and concurrence a tabular summary (with supporting schedules) of the net funded debt of the County of Hawaii as of June 30, 2021. The attached tabular summary requires concurrence from both the Chairperson of the Finance Committee and the Corporation Counsel. If you concur with this summary, please sign and return the original of this letter and keep the copy for your files. If you disagree with any item, please indicate the item of disagreement and your reasons therefore. After receiving your responses, I shall transmit the summary and your responses to the County Council for its action. Thank you very much for your prompt attention to this matter. Please call me if you have any questions. Deanna S. Sako Director of Finance Encl. I once do not concur with the tabular summary of the net funded debt of the County of isi aof June 30, 2021. Reasons for non-concurrence: Date: �� orporation C unset County of Hawaii County of Hawai'i is an Equal Opportunity Provider and Employer. Mitchell D. Roth 3�<Y.®FH,,� Deanna S. Sako Mayor Director Steven A. Hunt Deputy Director art�f.a',d i i County of Hawaii DEPARTMENT OF FINANCE 25 Aupuni Street, Room 2103 • Hilo, Hawaii 96720 (808)961-8234• (808)961-8569(FAX) a July 12, 2021 Councilmember Matt Kaneali`i-Kleinfelder Chair, Committee on Finance Hawaii County Council 25 Aupuni Street Hilo, Hawaii 96720 Pursuant to the provisions of Chapter 47C, Hawaii Revised Statutes, I submit for your review and concurrence a tabular summary (with supporting schedules) of the net funded debt of the County of Hawaii as of June 30, 2021. The attached tabular summary requires concurrence from both the Chairperson of the Finance Committee and the Corporation Counsel. If you concur with this summary, please sign and return the original of this letter and keep the copy for your files. If you disagree with any item, please indicate the item of disagreement and your reasons therefore. After receiving your responses, I shall transmit the summary and your responses to the County Council for its action. Thank you very much for your prompt attention to this matter. Please call me if you have any questions. Deanna S. Sako Director of Finance Encl. concur do not concur with the tabular summary of the net funded debt of the County of a i as of June 30, 2021. Reasons for non-concurrence: Date: Chairman, Finance. Committee County=,Council, County of Hawaii County of Hawai'i is an Equal Opportunity Provider and Employer.